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that's the way an economy works. this notion of job craig creators being the very, very wealthy is absurd. it doesn't work -- a trickle down economics has been shown to be completely false. >> eliot: fascinating just last week, a couple of days ago the congressional research service, a nonideological straight down the middle analytical outfit did a report that concluded that. the republicans insisted they pull the report because they said it must be flawed. of course, it wasn't. it was the data proving exactly what you've just said, professor. >> they don't want to look at the data. it is like their theory of evolution and global warming. they refuse to look at the data. the economics are very, very clear. trickle down economics is bunk. the rich do not create jobs. you have to have a large buoyant middle class with money in their pockets to turn around and buy. that creates jobs. >> eliot: all right. one question, has the white house called you yet and said we want you back to be the chairman of the economic advisor
that's the way an economy works. this notion of job craig creators being the very, very wealthy is absurd. it doesn't work -- a trickle down economics has been shown to be completely false. >> eliot: fascinating just last week, a couple of days ago the congressional research service, a nonideological straight down the middle analytical outfit did a report that concluded that. the republicans insisted they pull the report because they said it must be flawed. of course, it wasn't. it was...
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it wasn't about the economy. if it had been, as the polls suggested, mitt romney would have won. >> well, it should have been about the economy but i think that the democrats did an amazing job of making this -- really amplifying what is clearly a problem within the republican party, how we're messaging about women. the fact that we were even discussing birth control, the fact that, you know, the whole forcible rape was even part of the conversation when the polls clearly show i think that millenials are moving in a much more libertarian position when it comes to social issues. they might not necessarily be democrats but -- and they might not be republicans yet but i think that socially, libertarian is the direction the country is going. >> it may not be america's going liberal. what it is is rejecting extreme positions. i think the problem mitt romney got himself into, at his heart he's really a moderate. when you look at when he was governor in massachusetts, he wasn't that far right at all but he had to go muc
it wasn't about the economy. if it had been, as the polls suggested, mitt romney would have won. >> well, it should have been about the economy but i think that the democrats did an amazing job of making this -- really amplifying what is clearly a problem within the republican party, how we're messaging about women. the fact that we were even discussing birth control, the fact that, you know, the whole forcible rape was even part of the conversation when the polls clearly show i think...
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this will bring jobs home, result in a stronger, healthier economy, and a stronger, healthier economy means more americans working and more revenues, which is what the president is seeking. this framework can lead to common ground, and i hope the president will respond today in that same spirit. as i said wednesday, this is an opportunity for the president to lead. this is his moment to engage the congress and work towards a solution that can pass both chambers. earlier this week, the president and i had a short conversation. it was cordial. i think we both understand that trying to find a way to avert the fiscal cliff is important for our country. and i'm hopeful that product active conversations can be begin soon so we can forge an agreement that can pass the congress. >> so perhaps the most important words were said after the prepared remarks, christine romans. >> that's right. i don't want to box myself in and i don't want to box anyone else in. it's a critical, critical new position. >> do you want to know why? i knew you did. after the break, you will. ♪ ooh baby, can i do for
this will bring jobs home, result in a stronger, healthier economy, and a stronger, healthier economy means more americans working and more revenues, which is what the president is seeking. this framework can lead to common ground, and i hope the president will respond today in that same spirit. as i said wednesday, this is an opportunity for the president to lead. this is his moment to engage the congress and work towards a solution that can pass both chambers. earlier this week, the president...
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this will bring jobs home, result in a stronger, healthier economy and a stronger, healthier economy means more americans working and more revenues, which is what the president is seeking. this framework can lead the common ground and i hope the president will respond today in that same spirit. as i said on wednesday, this is an opportunity for the president to lead. this is his moment to engage the congress and work towards a solution that can pass both chambers. earlier this week the president and i had a short conversation. it was cordial. i think we both understand that trying to find a way to averlt the fiscal cliff is important for our country. and i'm hopeful that productive conversations can begin soon so that we can forge an agreement that can pass the congress. and with that, i will be happy to answer some questions. >> did you think if you talk about some of the revenues, it changes the statement -- you said in a conference call you were best when everybody stuck together. do you foresee those same problems with you start talking about some of these issues? there's already
this will bring jobs home, result in a stronger, healthier economy and a stronger, healthier economy means more americans working and more revenues, which is what the president is seeking. this framework can lead the common ground and i hope the president will respond today in that same spirit. as i said on wednesday, this is an opportunity for the president to lead. this is his moment to engage the congress and work towards a solution that can pass both chambers. earlier this week the...
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a lot of money is paid out of the economy, and the economy goes from 2% growth right now where it is to about negative 1.5% growth. that would be a recession. as that car gets over that cliff, there will be an average kras, according to the congressional budget office of $3,500 per household in tax increases. this is the spending cuts. this is the bush tax cuts going away. this is the alternative minimum tax patch going away, the payroll tax holidays. $3,500 per household increase. $109 billion in automatic across the board spending cuts will take effect. half of them will be in defense. half of them will be in nondefense. the congressional budget office, the nonpart sflan body says millions of jobs will be lost, a million next year alone. unemployment will jump to % next year, and, of course, we'll be back in that recession. now, in fairness, suzanne, most thinking people don't think we'll get there, but most thinking people thought we would get a resolution to the debt limit earlier than we did too, so faith in washington doing the right thing is a little bit low, but it does sound
a lot of money is paid out of the economy, and the economy goes from 2% growth right now where it is to about negative 1.5% growth. that would be a recession. as that car gets over that cliff, there will be an average kras, according to the congressional budget office of $3,500 per household in tax increases. this is the spending cuts. this is the bush tax cuts going away. this is the alternative minimum tax patch going away, the payroll tax holidays. $3,500 per household increase. $109 billion...
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so if this goes into 2013, the economy won't crater. it is not a ridiculous trip. we have a strategic interest in containing china. this is about china. >> greta: he could send the secretary of state, hillary clinton. he did that when he didn't want to talk to netanyahu or the president of yemen. he is quite used to outsourcing to the secretary of state. even congressman van hollen, saying how horrible this is to the average american person, if we go over the cliff. if you don't care when you know the deadline, i don't think you are doing your job, kim. >> i do think there is a difference from other deadline-itis of the past. we have had an election. before this, everyone knew everyone, when they went do the debt limit talks, everyone was holding their cards back approximate it was about how can you play this best, knowing the election is coming. it's over. everyone's waiting to figure out what is going to be the negotiating position. these guys need some time sniff each other out so they can get down to the nitty-gritty. the longer he's gone, the harder it will be
so if this goes into 2013, the economy won't crater. it is not a ridiculous trip. we have a strategic interest in containing china. this is about china. >> greta: he could send the secretary of state, hillary clinton. he did that when he didn't want to talk to netanyahu or the president of yemen. he is quite used to outsourcing to the secretary of state. even congressman van hollen, saying how horrible this is to the average american person, if we go over the cliff. if you don't care when...
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you think obama and biden want to be our economy they will ma and louise? you get it, they will ma and louise, jon, remember they hold each other's hands and drive over a cliff. >> jon: oh, [bleep] sake, spoiler alert. >> spoiler, 1991. >> jon: don't say a word about steel magazine knollias. >> shelby dies. >> jon: what! >> romney was too smart. he knew that no president had ever been re-elected with this terrible an economy. so if romney was going lose he was going to have to go in big, thus we all enjoyed the most deceitful and unlikeable campaign in modern times. >> jon: romney did pull that off. he did do that. >> he did. there is kind of making sense to me now. it makes much more sense rz romney was trying to blow it. >> obama like any new president has to deal with the upper deck their his predecessor left in the root velt bathroom on his way out except this time his predecessor is himself. >> jon: he is blooep wlooepness-- [bleep]. >> it is much worse than that, he is [bleep]. >> jon: john olver, everybody. [bleep] hehe ,x+ c4-x!í!í!írg,x-xh0d(#tk
you think obama and biden want to be our economy they will ma and louise? you get it, they will ma and louise, jon, remember they hold each other's hands and drive over a cliff. >> jon: oh, [bleep] sake, spoiler alert. >> spoiler, 1991. >> jon: don't say a word about steel magazine knollias. >> shelby dies. >> jon: what! >> romney was too smart. he knew that no president had ever been re-elected with this terrible an economy. so if romney was going lose he...
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it was a mandate on health care and his handling of the economy. my guess is there were eye-rolling among republicans when he said what the election proved was that the american people favor his approach. i would also add very quickly, i think a lot of the deal-making here depends on how you definele balanced approach. i think john boehner and barack obama said this has to be a balanced approach. balance is in the eye of beholder in terms of how much of each part of it goes into the final deal. >> susan. >> you know, there's one way that president obama could deal with these questions about specificity, and that's to take some questions from reporters and answer them. this is really unusual for a president just re-elected to come out and talk to the reporters by reading a statement, being surrounded by supporters behind him, and not take questions from the press. you remember there were famous press conferences by president george w. bush when he was re-elected and bill clinton and ronald reagan when he was re-elected. the president can deal with t
it was a mandate on health care and his handling of the economy. my guess is there were eye-rolling among republicans when he said what the election proved was that the american people favor his approach. i would also add very quickly, i think a lot of the deal-making here depends on how you definele balanced approach. i think john boehner and barack obama said this has to be a balanced approach. balance is in the eye of beholder in terms of how much of each part of it goes into the final deal....
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from the east room on the economy. that touches on the dysfunction in washington that americans say they hate. many think they went to bed to fix that. keeping them honest, not so fast. in seven weeks, the bush tax cuts expire, automatic spending cuts kick in. it's being called a fiscal cliff and even though it's more like the fiscal steep slope, heading down it it could do bad things to the economy. rolling down it, falling off it, have made markets nervous and credit rating agencies and economists of all stripes are warning about the consequences of not harming out a deal in time. politicians have been sending out mixed signals since the election. on the one hand, they are talking about common ground. take a look. >> we want our children to live in an america that isn't burdened by debt, isn't weakened by inequality. that isn't threatened by the disruptive power of a warming planet. >> the nation as you know is at a critical point. at a time like this, we can't risk partisan bickering and political posturing. >> if t
from the east room on the economy. that touches on the dysfunction in washington that americans say they hate. many think they went to bed to fix that. keeping them honest, not so fast. in seven weeks, the bush tax cuts expire, automatic spending cuts kick in. it's being called a fiscal cliff and even though it's more like the fiscal steep slope, heading down it it could do bad things to the economy. rolling down it, falling off it, have made markets nervous and credit rating agencies and...
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what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university we're teaming up with companies like cisco to help make sure everyone is ready with the know-how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ ♪ >> jennifer: you are back inside "the war room." i'm jennifer granholm. so with the election in his rear-view mirror, president obama is starting to focus on his top goals for his second term. his cabinet and his white house staff are going to be the people who help to shape that agenda. we all know that several members of the administration including the secretary of state, hillary clinton, have already signaled they're not going to be sticking around for the second term. others do want to stay but perhaps in different roles. so this is the famous parlor game that we political junkies love to play. who's staying who's going who might be coming in an
what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university we're teaming up with companies like cisco to help make sure everyone is ready with the know-how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ ♪ >> jennifer: you are back inside "the war room." i'm jennifer granholm....
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give me an assessment of where the uk's economy is right now. you guys have done different measures on the financial choice sis than the u.s. >> our economy is still in a decision. we had three consecutive quarters of negative growth. we just had encouraging news. we grew out just over 1% in the last quarter. on the back offed a jurgsmentes from the olympics and so on but good news. we've gotten rid now of one-third of the deficit which our deficit reduction program was designed toe get rid of me with have austerity program which is tough but is having a real effect. we're balancing with a bunch of different measures to stimulate growth and investment and our fdi figures are high. lots of companies coming into the united kingdom. we have come a long way, cutting red tape, improving the overall environment for investment. it's a balance. but we feel that we're on the right track. >> you know, when you have u.s. lawmakers are seeing what happened to your economy doing the austerity measures, it's given pause to how we handle our own fiscal issues.
give me an assessment of where the uk's economy is right now. you guys have done different measures on the financial choice sis than the u.s. >> our economy is still in a decision. we had three consecutive quarters of negative growth. we just had encouraging news. we grew out just over 1% in the last quarter. on the back offed a jurgsmentes from the olympics and so on but good news. we've gotten rid now of one-third of the deficit which our deficit reduction program was designed toe get...
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eastern on the economy. that issue of the economy directly touches on the dysfunction in washington that americans said they hate. they went to bed election night hoping to fix that. speed really matters here. in just seven weeks the bush tax cuts expire, automatic spending cuts agreed to by both parties kick in. we call it the fiscal cliff and even though it's more like the fiscal steep slope it could do some very bad things to the economy. concerns about rolling down it or falling off it or whatever you want to call it have made markets nervous and credit rating agencies and economists of all stripes are warning about the consequences of not hammering out a deal in time. politicians in both parties, they've been sending out mixed signals ever since the election. on the one hand they're talking about common ground. take a look. >> we want our children to live in america that isn't burdened by debt. that isn't threatened by a warming planet. >> the nation as you know is at a critical point. at a time like th
eastern on the economy. that issue of the economy directly touches on the dysfunction in washington that americans said they hate. they went to bed election night hoping to fix that. speed really matters here. in just seven weeks the bush tax cuts expire, automatic spending cuts agreed to by both parties kick in. we call it the fiscal cliff and even though it's more like the fiscal steep slope it could do some very bad things to the economy. concerns about rolling down it or falling off it or...
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it would be bad for the economy. i was reading new york times this morning op-ed piece that said it may not be a bad thing if we drive over the fiscal cliff. it is worth points out the fiscal cliff isn't really a cliff. it's not like the debt ceiling confrontation where terrible things might with well have happened right away if the deadline had been missed. he goes on, this time nothing very bad will happen to the economy if the grooimt agreement isn't reached until a few weeks or few months in to 2013. so there is time to bargain. is that a crazy thought? >> it goes further to say that president obama stand your ground. don't compromise and don't give in. >> don't be held hostage. he said. >> remarkable. paul krugman is a noble prize winner, a smart guy. i don't know where he is getting this from. it's the opposite of compromise. the reason we are in this mess is because nobody will compromise. generally speaking it has been conservative republicans, the tea party and people who signed the pledge to nordquist not i
it would be bad for the economy. i was reading new york times this morning op-ed piece that said it may not be a bad thing if we drive over the fiscal cliff. it is worth points out the fiscal cliff isn't really a cliff. it's not like the debt ceiling confrontation where terrible things might with well have happened right away if the deadline had been missed. he goes on, this time nothing very bad will happen to the economy if the grooimt agreement isn't reached until a few weeks or few months...
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bush with this down economy. and, look, i mean, we couldn't even win the argument on foreign policy in part because a lot of people are sick of the two wars that george w. bush got us into. that's just a fact. gorgeous george w. bush's type of republic party mitt romney as todd akin richard mourdock in another. >> very good with latinos, kevin mccarthy. we have some bright new leaders and we need to have more of those. >> george w. bush's policies spending and two wars ended up also delivering barack obama into the white house. but let's start with you, chip. your take where we are. what do you think of my point that romney ran a defensive campaign but he also did have to deal with the bush baggage, credibility on spending, and a foreign policy that was frankly the by product of the hopeful but ultimately rather confused and unsuccessful policy in the middle east? >> yeah. i think you are spot on. first, let me say i aspire to be one of those old white guys. >> laura: and rich. >> definitely be a rich old white g
bush with this down economy. and, look, i mean, we couldn't even win the argument on foreign policy in part because a lot of people are sick of the two wars that george w. bush got us into. that's just a fact. gorgeous george w. bush's type of republic party mitt romney as todd akin richard mourdock in another. >> very good with latinos, kevin mccarthy. we have some bright new leaders and we need to have more of those. >> george w. bush's policies spending and two wars ended up also...
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economy into a recession next year. we expect the speech to take place at 1:00 p.m. >>> members of the syracuse basketball team will not face charges. bernie fine is accused of molesting boys years ago. investigators spent a year interviewing witnesses but the u.s. attorney's office in northern new york says there is not enough evidence to pursue criminal charges and, yes, the case is now closed. >>> guess what? there is a new number one in the smartphone market and it's not this one. samsung's galaxy s3 taking over the lead from apple's iphone making it the world's best-selling smartphone. alison kosik is at the new york stock exchange. no wonder apple's stock is going down. >> reporter: well, part of it. you know, samsung better enjoy wearing the crown, because it's not going to last long. it's for the moment, so, yeah, samsung wins the top-selling smartphone of the year award, according to strategy an lit particulars. the apple iphone 4s finished a close second. here's the reason, why the s3 took the top spot, becaus
economy into a recession next year. we expect the speech to take place at 1:00 p.m. >>> members of the syracuse basketball team will not face charges. bernie fine is accused of molesting boys years ago. investigators spent a year interviewing witnesses but the u.s. attorney's office in northern new york says there is not enough evidence to pursue criminal charges and, yes, the case is now closed. >>> guess what? there is a new number one in the smartphone market and it's not...
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what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone's ready with the know how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ ♪ ♪ ♪ ♪ [ girl ] hey! [ both laugh ] ♪ ♪ [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. it's just common sense. if we want to improve our schoo
what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone's ready with the know how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ ♪ ♪ ♪ ♪ [ girl ] hey! [ both laugh ] ♪ ♪ [ male announcer ] this is karen and...
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what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university we're teaming up with companies like cisco to help make sure everyone is ready with the know-how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ ♪ uh, i'm in a timeout because apparently riding the dog like it's a small horse is frowned upon in this establishment! luckily though, ya know, i conceal this bad boy underneath my blanket just so i can get on e-trade. check my investment portfolio, research stocks... wait, why are you taking... oh, i see...solitary. just a man and his thoughts. and a smartphone... with an e-trade app. ♪ nobody knows... ♪ [ male announcer ] e-trade. investing unleashed. rich, chewy caramel rolled up in smooth milk chocolate. don't forget about that payroll meeting. rolo.get your smooth on. also in minis. >> jennifer: new york got wallop by yet another storm yester
what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university we're teaming up with companies like cisco to help make sure everyone is ready with the know-how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ ♪ uh, i'm in a timeout because apparently riding the dog like it's a small horse is frowned...
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he cannot as a responsible adult let the economy go -- let us go over the fiscal cliff. that would be terrible for the xhi and for the people he's trying to otect in this. it would be terrible for the middle class. >> at the same time though the way he negotiates and the way he tries to reach that compromise is going to be essential. i think people on the democratic party will be willing to yield on some issues. they'll fight and scream and make good cases for their own position but at the end of the day if the compromise is reasonable and is good and he's gotten major concessions from the right, then i think -- >> i got the solution. if it comes down to the republican party led by john boehner brings this country to economic hell to protect the very rich, they're gone. so that's what he has to do is put them in the box. the only thing separating this country from economic deliverance to a better time is a bunch of republican toadies and hacks. >> he has to set the narrative -- >> let's figure tour jack lew and the rest of them figure how to carve this so the republicans
he cannot as a responsible adult let the economy go -- let us go over the fiscal cliff. that would be terrible for the xhi and for the people he's trying to otect in this. it would be terrible for the middle class. >> at the same time though the way he negotiates and the way he tries to reach that compromise is going to be essential. i think people on the democratic party will be willing to yield on some issues. they'll fight and scream and make good cases for their own position but at...
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the new 2013 ram 1500. ♪ ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ ♪ guts. glory. ram. [ forsythe ] we don't just come up here for the view up in alaska. it's the cleanest, clearest water. we find the best sweetest crab for red lobster that we can find. [ male announcer ] hurry in to red lobster's crabfest! the only time of year you can savor 5 succulent crab entrees all under 20 dollars. like a half-pound of tender snow crab paired with savory grilled shrimp, just 12.99. or our hearty crab and roasted garlic seafood bake. [ forsythe ] if i wouldn't put it on my table at home, i wouldn't bring it in. my name's jon forsythe and i sea food differently. but when joint pain and stiffness from psoriatic arthritis hit even the smallest things became difficult. i finally understood what serious joint pain is like. i talked to my rheumatologist and he prescribed enbrel. enbrel can help relieve pain, stiffness, and stop joint damage. because enbrel, etanercept suppresses your immune system, it may lower your ability
the new 2013 ram 1500. ♪ ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ ♪ guts. glory. ram. [ forsythe ] we don't just come up here for the view up in alaska. it's the cleanest, clearest water. we find the best sweetest crab for red lobster that we can find. [ male announcer ] hurry in to red lobster's crabfest! the only time of year you can savor 5 succulent crab entrees all under 20 dollars. like a half-pound of tender snow crab paired with savory...
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at a time that the president is talking about how jobs and the economy are the most important issue, that's how he opened his remarks, what are we to make of the 200,000 jobs? >> the president has put forward numerous proposals that would create those jobs and more far more than 200,000. what the cbo report released yesterday dplon straightemonstrates a point we've been making for so long. that's the economic benefit of tax cuts to the wealthyiest earners is very very small. minimal in comparison to the economic benefit that koomcomes from middle class americans. 98% of earners, in fact. that's what that report lee flekts. >> it reflects 200,000 jobs won't be created. >> again, the president's overall proposals including investments represented by measures within the american jobs act, including measures the president talked about in the convention speech that are part of the plan. they create far more jobs that. the way they do that is by taking a balanced approach so that the assets and resources available to us do not flow principally or exclusively to the top 2% of wage earners b
at a time that the president is talking about how jobs and the economy are the most important issue, that's how he opened his remarks, what are we to make of the 200,000 jobs? >> the president has put forward numerous proposals that would create those jobs and more far more than 200,000. what the cbo report released yesterday dplon straightemonstrates a point we've been making for so long. that's the economic benefit of tax cuts to the wealthyiest earners is very very small. minimal in...
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you better get your act together, extend the olive branch, and start negotiating because our economy depends on it. >> for anyone out there who
you better get your act together, extend the olive branch, and start negotiating because our economy depends on it. >> for anyone out there who
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call or come in today to take control of your personal economy. get one-on-one help from america's retirement leader. >>> time for the "ridiculist." tonight, we are adding confusing sweatswirts. that's right, damn you confusing sweatshirts. here's what happened. there was an election the other day, perhaps you heard about it. now this election involved many things, candidates, ballots, wolf blitzer hollering stand by, we have a projection every five minutes or so. the election also involved people known as voters. now, i'm no john king, but from what i understand, voters when voting typically wear what those of us in the mainstream media refer to as clothes. and therein lies the problem. at least in two locations in colorado and florida, you see election officials were reportedly alarmed to see voters showing up in clothing em bla n blazoned with the name mitt, a violation of election laws that prohibit campaigning for a candidate within a certain number of feet from voting booths. the problem? the shirts did not say mitt. they said m.i.t. as in m
call or come in today to take control of your personal economy. get one-on-one help from america's retirement leader. >>> time for the "ridiculist." tonight, we are adding confusing sweatswirts. that's right, damn you confusing sweatshirts. here's what happened. there was an election the other day, perhaps you heard about it. now this election involved many things, candidates, ballots, wolf blitzer hollering stand by, we have a projection every five minutes or so. the...
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. >> clearly the deficit is a drag on our economy. and we can't continue to spend money that we don't have. i don't want to box myself in. i don't want to box anybody else in. i think it's important for us to come to an agreement with the president. this is his opportunity to lead. >> any word from the speaker, every word from the president being analyzed for hidden meanings. here's a quick snapshot. >> when he is not willing to negotiate on is raising taxes on the wealthiest americans. and that is where the battle lines will be drawn. >> the president's language is important. his words, i'm not wedded to every detail. i'm open to compromise. open to new ideas. but we are not going to do something that doesn't deal with the tax cuts. >> i think the tone of this is pretty good especially from the speaker this morning when he said, you know, i'm not going to box myself in. and i don't want to box the president in. >> let's get straight to our own kate bolduan, she's here with an excellent, excellent panel. >> excellent, excellent. i lik
. >> clearly the deficit is a drag on our economy. and we can't continue to spend money that we don't have. i don't want to box myself in. i don't want to box anybody else in. i think it's important for us to come to an agreement with the president. this is his opportunity to lead. >> any word from the speaker, every word from the president being analyzed for hidden meanings. here's a quick snapshot. >> when he is not willing to negotiate on is raising taxes on the wealthiest...
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. >> everyone wants to get the economy moving again. everyone wants to get more americans back to work depen. it will slow down our ability to create jobs that everyone says he wants. >> the stalemate leads both sides no closer to a deal to avoid the fiscal cliff. $700 billion in spending cuts and an end to the tax rates coming at the end of the year. boehner is under pressure from conservatives to not give in on the tax rate increases he is willing to end deductions that could raise the tax revenue. the president is getting pressure from the left. "new york times" columnist paul krugman going so far today to suggest the white house should be willing to daniel the economy to make their point with republicans. writing, "what should he do?" just say no and go over the cliff if necessary. the president said today he is open to giving in to a point. >> i want to be clear. i'm not wedded to every detail of my plan. i'm open to compromise. i am open to new ideas. i'm committed to solving our fiscal channel. i refuse to accept any approach tha
. >> everyone wants to get the economy moving again. everyone wants to get more americans back to work depen. it will slow down our ability to create jobs that everyone says he wants. >> the stalemate leads both sides no closer to a deal to avoid the fiscal cliff. $700 billion in spending cuts and an end to the tax rates coming at the end of the year. boehner is under pressure from conservatives to not give in on the tax rate increases he is willing to end deductions that could...
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what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university we're teaming up with companies like cisco to help make sure everyone is ready with the know-how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ ♪ >> jennifer: the election's over so it's time again for president obama to lead us all and right now the white house is likely sifting through what he's going to be leaning on in the second term agenda. president obama's going to likely stake out his ground on some important issues. we know fiscal reform is coming because of the fiscal cliff. we know immigration because he certainly has said that and it might be an easy way to go. with the republicans who need to make some inroads with the hispanic community and climate change is something that he has said that he wants to work on obviously clean energy jobs. he knows he's going to have to compromise
what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university we're teaming up with companies like cisco to help make sure everyone is ready with the know-how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ ♪ >> jennifer: the election's over so it's time again for president obama to lead us...
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. [ "the odd couple" theme playing ] humans. even when we cross our "t"s and dot our "i"s, we still run into problems -- mainly other humans. at liberty mutual insurance, we understand. that's why our auto policies come with accident forgiveness if you qualify, where your rates won't go up due to your first accident, and new car replacement, where if you total your new car, we give you the money for a new one. call... to talk to an insurance expert about everything else that comes standard with our base auto policy. [ tires squeal ] and if you get into an accident and use one of our certified repair shops, your repairs are guaranteed for life. call... to switch, and you could save hundreds. liberty mutual insurance -- res
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. [ "the odd couple" theme playing ] humans. even when we cross our "t"s and dot our "i"s, we still run into problems -- mainly...
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the president wants this economy to get better and needs people in wall street, small businesses, business people around the country to be on his side. i think we will not expect to see really sharp rhetoric like that again. >> i don't know what we will see. i don't know that he needs them that much. yes, he needs -- for all this to work out as well as it can, he needs the business people of america to think he's not anti-business, but wall street in particular, i don't think he needs them. >> i respectfully disagree. i mean, actually the only thing he doesn't need them for anymore is to woo for their campaign cash. there's this big saying in politics no permanent friends no permanent enemies. today maybe it's not obvious but when you have years ahead of you with stuff we don't know what's coming down the line it makes no sense not to have outreach. i don't know if this department, what was he going to appoint -- >> department of business. >> would need congressional approval would ever get off the ground if nothing else, you know, would -- it would just be a distraction right now, with ev
the president wants this economy to get better and needs people in wall street, small businesses, business people around the country to be on his side. i think we will not expect to see really sharp rhetoric like that again. >> i don't know what we will see. i don't know that he needs them that much. yes, he needs -- for all this to work out as well as it can, he needs the business people of america to think he's not anti-business, but wall street in particular, i don't think he needs...
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can they even go beyond that and help grow the economy? >> you saw some signs -- chuck schumer yesterday said that he would accept a 35% top rate, not insist on it staying -- going back to 39.6%, which was -- >> that's significant. >> that's significant. and so if they're now talking about how high the top rate could be, whether it's 35% or a little bit less, as john boehner would argue, then you're talking about the outlines of a deal. i thought i heard a lot of flexibility in boehner. the kwereal question's going to mitch mcconnell and whether senate democrats can get enough republicans -- bob corker, a key player and some of the other republicans already on the senate side have been talking. there's the gang of eight. olympia snowe working really hard on doing this before she retires. kent conrad on the democratic side. i think there is a deal. but as we've seen with the grand bargain, it can slip away very, very closely. the fact is there was a house gop caucus conference call, and they said they wanted to give the leadership some runn
can they even go beyond that and help grow the economy? >> you saw some signs -- chuck schumer yesterday said that he would accept a 35% top rate, not insist on it staying -- going back to 39.6%, which was -- >> that's significant. >> that's significant. and so if they're now talking about how high the top rate could be, whether it's 35% or a little bit less, as john boehner would argue, then you're talking about the outlines of a deal. i thought i heard a lot of flexibility...
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economy back into recession and push the unemployment rate up to 9.1% by the end of the fourth quarter next year. the report also projects that after the initial shock, growth would return and the unemployment rate would shrink to 5.5%, but not until 2018. house speaker john boehner yesterday remained steadfast in his position on raising taxes. >> i remain optimistic we're going to be able to find common ground avoid this fiscal cliff and find a way to work together. >> by when? january 1st? >> i would hope so. >> the president is talking about specific increases. he campaigned on specific increases and tax rates from 35% to 39% for those making more than $250,000. so is that on the table right now? >> raising taxes on small business people is the wrong prescription given where our economy is. >> is it on the table to talk about? >> i made clear -- >> to have the wealthier americans pitch in. >> -- that raising tax rates is unacceptable. frankly, it couldn't pass the house. >> you will talk about it even if it's the wrong approach. >> of course we'll talk about it. we'll talk about all
economy back into recession and push the unemployment rate up to 9.1% by the end of the fourth quarter next year. the report also projects that after the initial shock, growth would return and the unemployment rate would shrink to 5.5%, but not until 2018. house speaker john boehner yesterday remained steadfast in his position on raising taxes. >> i remain optimistic we're going to be able to find common ground avoid this fiscal cliff and find a way to work together. >> by when?...
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what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone's ready with the know how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ . >>> where did they go? >> i'm ed ith childs from greenville south carolina and i'm the one that got barack obama fired up. >> everyone is sayed fired up and ready to go. >> fired up ready to go. >> it shows you what one voice can do. >> president obama wanted edith childs at his final appearance as a candidate. >> we knew we were coming back to des moines for the last campaign rally i will ever do for me and so, you know we were getting kind of sentimental and we called up edith childs and we said why don't you come on up. [ cheers and applause ] >> listen to this. we said why don't you come on up and we'll fly you up from south carolina and you can do
what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone's ready with the know how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ . >>> where did they go? >> i'm ed ith childs from greenville south carolina...